Answer:
700
Explanation:
If from the question the price per unit of fertilizer, p(x) = 300 - 0.1x
The cost of x units of fertilizer = C(x) = 15000 + 125x + 0.025x^2
And we know that Profit = Revenue - Cost
Revenue for x units of fertilizer R(X) = x*p(x)
= 300x - 0.1x^2
Hence Profit: P(x) = R(x) - C(x)
= [300x - 0.1x^2] - [15000 + 125x + 0.025x^2]
= -0.125x^2 + 175x - 15000
To determine critical values
P'(x) = -0.25x + 175 = 0
Thus x = 175/0.25
x = 700
To maximize profit, the manufactures must produce 700 units of fertilizers
Answer:
option C is the right point
Answer:
Peak annual production was 17.5 million barrels and this high production is gained in 1902.
Explanation:
Lucas Gusher situated near Beaumont, Texas in the United States of America. On 10th January, 1901, drilling was done at the depth of 1139 feets which is equal to 347 meters. It has the capacity of oil production about 75,000 barrels of oil per day while the maximum annual production was 17.5 million barrels and this high production is gained in 1902.
